The House of Representatives voted today to impeach President Donald J. Trump for the second time. The vote was 232-197. This makes President Trump the first and only President to have been impeached twice, and this occurred within one term in office. This speaks volumes with respect to the President’s actions and behaviors and to the animus that exists within the Democratic party towards the President. This is a reflection of the country. We the people vote these characters into office, so we cannot be surprised that our government is as divided as the people of this country. Next steps in the process is for there to be a trial in the Senate and then a vote to acquit or convict. With the upcoming inauguration only one week away, there is really no plausible way that the Senate can manage a full trial within this timeframe. Therefore, it is very likely that the trial will take place after Trump is out of office. This will be another first, as there has never been an impeachment trial of a President after he has left office. This, plus the fact that the President has been impeached, is likely to increase the volume, frustration, and anger of many Trump’s supporters, and perhaps others who are tired of all the politics. All 50 states and Washington, DC are on high alert against the possibility of violent riots. The US Capitol is currently surrounded by fences. This is such a tragic sight to see and is more akin to a third world banana republic as opposed to the nation that is supposed to be the beacon of democracy and self-governance.
News came across the wires this evening that the incoming Biden administration is looking to send to Congress a $2T spending bill. Take the $900 billion bill that was just passed, in conjunction with the $1.4 trillion spending bill, and we are already looking at $4.3T in spending! This is just getting started. This first bill is likely focused on more “stimulus” checks and other Covid-19 relief. Other bills will come that address environmental and healthcare concerns, amongst others. This is ridiculous and it is robbery. The government does not have the money and so more deficits, debt, borrowing, and printing must ensue. This is all serves to destroy savings and one’s purchasing power. As highlighted by usdebtclock.org, average savings per family currently stands around $28,500. Fast-forward four years from now and this figures falls to $1,500! And this is the average, meaning that this figure is highly skewed by those in the upper income brackets that actually hold most of the savings. Many Americans actually have a negative savings rate, meaning that they are in debt on a net-net basis. This scenario is 100 percent predictable, yet this is what is likely to unfold. It does not have to, but then again, we have the same people in Congress. So how can anyone truly be surprised by these outcomes? Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Savings #Jobs #Bailouts #USA #Vote #Impeachment #Liberty #Revolution #EndTheFed #BananaRepublic #Inflation #Gold #Silver